By A Mystery Man Writer
Snap is laying off 20 percent of its employees, two executives are leaving for Netflix, and Snap will discontinue some apps, products, and the production of its shorts with influencers.
Snap's stock price fell 80 percent this year. Now, it is laying off 20 percent of its workforce.
Snap cuts 20% of staff amid major restructuring
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Snap to lay off 10% of staff, cutting approximately 500 jobs
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Snap Observer
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Evan Spiegel, People
Snap to lay off 10% of its workforce as spate of job cuts continue
Google, Meta, , others have cut more than 104,000 employees
Snap to lay off 'approximately' 10% of its staff